9,800 Shares of United States Oil Fund LP $USO Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of United States Oil Fund LP (NYSEARCA:USO) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 9,800 shares of the company’s stock, valued at approximately $1,427,000. Mirae Asset Global Investments Co. Ltd. owned about 0.09% of United States Oil Fund at the end of the most recent quarter.

Several other large investors have also modified their holdings of USO. Hamilton Wealth LLC bought a new position in shares of United States Oil Fund during the first quarter valued at approximately $55,001,000. Bank of America Corp DE lifted its stake in shares of United States Oil Fund by 117.1% during the 1st quarter. Bank of America Corp DE now owns 143,881 shares of the company’s stock worth $18,309,000 after acquiring an additional 77,617 shares during the last quarter. Parker Investment Management LLC bought a new stake in shares of United States Oil Fund during the 1st quarter worth approximately $6,364,000. Arkadios Wealth Advisors bought a new stake in shares of United States Oil Fund during the 1st quarter worth approximately $5,326,000. Finally, Franchise GP Ltd purchased a new position in United States Oil Fund during the 3rd quarter valued at $5,953,000. Hedge funds and other institutional investors own 67.47% of the company’s stock.

United States Oil Fund Stock Up 0.1%

Shares of United States Oil Fund stock opened at $148.41 on Friday. The stock’s fifty day moving average is $152.22 and its two-hundred day moving average is $125.24. The company has a market capitalization of $1.89 billion, a PE ratio of 19.22 and a beta of -0.05. United States Oil Fund LP has a 52 week low of $65.99 and a 52 week high of $171.82.

Key Headlines Impacting United States Oil Fund

Here are the key news stories impacting United States Oil Fund this week:

• Positive Sentiment: Falling distillate inventories, resilient U.S. jobs growth and Middle East supply constraints are supporting a cautiously bullish longer-term oil outlook, which could help USO. Crude Oil Forecast: Why Falling Inventories Keep Supply Risks in Focus
• Positive Sentiment: Persistent concerns about Hormuz and Middle East supply risks are helping put a floor under oil prices. Natural Gas and Oil Forecast: Hormuz Risks Persist, Can Brent Reclaim $104?
• Neutral Sentiment: Oil rebounded from critical support and held gains after a selloff, but trading remains volatile and technical signals point to possible further downside. WTI Price Forecast: Crude Oil Rebounds From Critical Support
• Negative Sentiment: Analysts and traders see signs of a return to excess oil supply as high prices curb demand—a bearish risk for USO. As high oil prices curb demand, fresh signs of glut appear
• Negative Sentiment: Oil was on track for a sharp weekly decline, with easing concerns about escalation in the Iran conflict and recovering Gulf supply weighing on prices. Oil set for sharp weekly drop but Middle East supply concerns provide floor

Insider Activity at United States Oil Fund

In related news, major shareholder Financial Lp Hrt purchased 101,212 shares of United States Oil Fund stock in a transaction that occurred on Monday, September 14th. The shares were bought at an average price of $158.02 per share, with a total value of $15,993,520.24. Following the purchase, the insider directly owned 61,589 shares of the company’s stock, valued at approximately $9,732,293.78. This represents a -255.44% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have bought 148,833 shares of company stock valued at $23,385,278 and have sold 95,353 shares valued at $14,737,344.

About United States Oil Fund

United States Oil Fund, LP (USO) is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc (the NYSE Arca). The investment objective of USO is for the daily changes in percentage terms of its shares’ per share net asset value (NAV) to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of the futures contract for light, sweet crude oil traded on the New York Mercantile Exchange, that is the near month contract to expire, except when the near month contract is within over two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less USO’s expenses.